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703 & 705 S 7th Ave. Iowa City, IA 52240 Multi Unit - Multiple Pending

Pending
  • 703 & 705 S 7th Ave., Iowa City, IA 52240 Main Photo

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Description

Investment opportunity awaits with this unique Howard Moffitt duplex 'Baby Alamo'; constructed in 1938 and as legend would have it, inspirational to his move down south to Citrus City, Texas in 1943. With no formal training in construction or architecture, Moffitt began building homes as a side business from his auto parts distributorship. Moffitt's house designs were concocted from popular magazine photos, consultation with close friends, limitations of available building supplies and most importantly, whimsy and charm. Each side offers 2 small bedrooms, 1 bath and unfinished walkout basements. They command $1,100 per month rent and the tenants pay the utilities. Property conveyed in 'AS-IS' condition. Please park on Center Ave. for Showings.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 4
Bathrooms: 2
County: Johnson
High School: City
Subdivision: Rundell Addition
Listed By:
Urban Acres Real Estate 319-351-1111 Michael McEleney
ICAAR MLS

Units

Unit 1:
Bedrooms: 2
Baths Full: 1
Rent: $1100.00
Unit 2:
Bedrooms: 2
Baths Full: 1
Rent: $1100.00
$238,000
Est. $1,557/mo
4beds
2baths
New to the Market Pending
BEDS4 BATHS2 full MLS#202602336
STATUSPending PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONRundell Addition

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Ruhl & Ruhl Careers
563.441.1776

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703 & 705 S 7th Ave., Iowa City, IA 52240.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $238,000$238,000$238,000
Down Payment $47,600$8,330$59,500
Monthly Mortgage Amount $1,126$1,401$1,458
Taxes $331$331$331
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$105$0
Monthly Estimated Total $1,557$1,937$1,889

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